hi rep                                                         ...

hi rep                                                                                                                                                                                   Holders of capatilized b shares would not imo have much incentive to take up the discounts which l guess is fair enough The company seems to be directing this offer to larger holders of the a shares looking for their support and in turn rewarding them through the over subscriptions   The bottom line is if we get the 3.5 million it will be a good result for all share holders  A big tick  My question if the raising goes well and the share price soon appreciates thus gradually raising more funds thru the elf will their be any need for cap raising to meet our obligations over the next couple of years allowing for increased activity in Australia all imo